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27/01/2012 | January 27th, 2012

Third successfull bond issue for Banque PSA Finance in Argentina

PSA Finance Argentina Compania Financiera S.A. ("PSA Finance Argentina") (Aa2/NR/AA), which is 50/50 owned by Banque PSA Finance and BBVA Banco Francés, raised AR$ 100 millions (approximately €17 million) in two tranches on January 26th, 2012 :

  • serie No.5 : AR$ 70 millions on a 18 months maturity with a floating private BADLAR rate plus 2.5% margin. The book was 1.7 times oversubscribed.
  • série No.6 : AR$ 30 millions with a fixed rate of 19,50% on a 9 months maturity. The book was 3.2 times oversubscribed.

This transaction is the third issue done on the Argentinian bond market by PSA Finance Argentina (after the issues done in November 2010 and in August 2011). It contributes to the diversification of sources of financing of Banque PSA Finance.

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